CFD Trades - Trending Shares

VOD AND INL moving suspiciously . Gonna take profit and wait till Monday

Hi McEdama

 

TKG has actually broke its downtrend at the bottom side. This is usually very bearish. It has tested the bottom line today (and failed) and is continuing downwards.  

 

It is not showing divergence or any break in trend and I don't see any turnaround soon. It does have an old resistance / support line @ (R57-00) where it could find support. It is also very oversold at the moment. Maybe have a stab at R57-00, but for me, this is one of those "trying to catch the falling knife" scenarios and picking the bottom is very difficult.

 

See the Graph attached.

 

P

Thanks P. much apreciated

whats up with TELKOM down +20% over the past weeks, did it run ahead of itself or what? is it worth having a stab?

Hi McEdama

TKG has actually broke its downtrend at the bottom side. This is usually very bearish. It has tested the bottom line today (and failed) and is continuing downwards.  

It is not showing divergence or any break in trend and I don't see any turnaround soon. It does have an old resistance / support line @ (R57-00) where it could find support. It is also very oversold at the moment. Maybe have a stab at R57-00, but for me, this is one of those "trying to catch the falling knife" scenarios and picking the bottom is very difficult.

See the Graph attached.

P

Edited by Pilotpilot, 12 June 2015 - 11:18 AM.

whats up with TELKOM down +20% over the past weeks, did it run ahead of itself or what? is it worth having a stab?

Edited by McEdama, 12 June 2015 - 10:21 AM.

Gents

It seems as though the last spread sheet that I worked on (last night), was not saved. and I have made changes after that. Please see the updated sheet.

I am not closing the short position on SOL, OML and a couple of others.

Wow, ANG opened gap down under 113 !

Hallo Pilot,

 

I accept the price for Psg is R196.20 in the daily portfolio. Thanks shearing you recommendations.

 

Have a good day.

Hi UKShares

I have made a mistake on PSG, and I'm removing it as a long position for today. I just checked and my main indicator has not broken.

It is not a long position yet, but will let you know if it changes.

P

Hallo Pilot,

I accept the price for Psg is R196.20 in the daily portfolio. Thanks shearing you recommendations.

Have a good day.

For the PPC followers. Attached is a graph for PPC. It is right on support level @ R19-20 and lets hope it holds until closing this afternoon. A close above R19-24 would be a positive for me. It could trade lower intraday, but the closing price will be important.

Hopefully this is the new support. 

P

Attached is the spread sheet for today.

The exposure is pretty neutral at the moment after closing a lot of short positions. I am keeping some of them as we might see some more downside tomorrow.

P

Sorry, filled in the wrong column.

I bought some yesterday with the breakout @ R19-35, and added some more on the test of the support today @ R19-16. It is now basically a 4 star trade.

Hi Pilot, is this correct : your sheet shows PPC new in R19.16 closed R19.16 but keeping first batch of PPC? - am I reading correct?

Just a quick update on the portfolio for today after all the trades. See Attachment.

It not looking too good for the week, with a 6.6% loss so far. I haven't managed to close out positions quickly enough 3 days ago and that is hurting the portfolio.

On some shares we still need to test the break, and I am going to wait for it to happen. Hopefully we will have a pullback tomorrow and test these levels. Especially after seeing the late afternoon drop on the ALSI. 

P

Changing BIL exit to R257

PPC cannot make up it's mind up or down...sigh

Got some more  @ R19-16

Changing CFR exit price R103.95

Changing GRT exit price R25.25

Edited by Pilotpilot, 11 June 2015 - 03:17 PM.

Changing SHF exit price to R72-53